Cypress Growth Capital is pleased to announce our recent $2,000,000 investment in Eplexity, a leading-edge services and software business that helps enterprises move to, and benefit from, cloud technologies. Eplexity is the tenth Colorado company that has received growth capital from Cypress since 2011.

Headquartered in Denver and founded in 2014, Eplexity offers a suite of professional and managed services, proprietary software, and best-of-breed third party solutions to help clients succeed through cloud-driven technologies. Key capabilities include: cloud migration strategy and planning; systems architecture; infrastructure design and support, training; round-the-clock managed support services through the company’s Cloud Command Center; cloud security and compliance; and disaster recovery.

Eplexity’s CXOS Cloud Management Platform offers a one-click capability to deploy servers, storage, network components and applications across a variety of public and private infrastructure options. The CXOS software features a fully customizable managed services marketplace, allowing clients to leverage their own IT operations teams while including, if needed, Eplexity’s various hybrid cloud managed service offerings.

The $2,000,000 investment will be used primarily for sales and marketing as well as enhancement of the CXOS software.

Step 1 of 10

Do you have dedicated staff to support your AWS Cloud Initiatives?

What is the most senior level person you have on staff or are you looking to hire to support your AWS projects and on-going management? (Select One)

Senior AWS person*

DevOps Engineer with 2 or less years of experience

DevOps Engineer with 3 – 5 years of experience

DevOps Engineer with 6 + years of experience

Application Architect with 10+ years of experience

Existing Application Development Team (Shadow IT)

Do you have staff to manage your AWS environment around the clock, 24/7?

24/7*

Yes

No

Do you have a formal DevOps training process?

DevOps Training process*

Yes

No

Are you planning on following AWS best practices, such as the Cloud-Adoption-Framework as part of your migration strategy?

AWS Best Practices*

Yes

No

Do you have a formal DevOps training process?

Do you have a process for continuous improvement?

Development team’s performance*

Yes

No

Do you have a dedicated Project Manager/Scrum Master for your Cloud/DevOps projects?

Dedicated Project Manager*

Yes

No

How much time do you budget for hiring and training support or engineering employees? (select one)

Budget*

3

months

6

months

9+

months

How many servers are you looking to migrate to AWS? (select one)

Servers*

5-10 Servers

11-20 Servers

21-30 Servers

30+Servers

Result

Congratulations!

Based on your answers, you’re in great shape to start your AWS journey. We’re happy to supplement your efforts. Our team of expert resources can help you with migration questions, modernization needs, and 24/7 management of your applications once you’re running in AWS.

Based on your answers, you’ve got a good foundation in place to start your AWS journey. The good news is, we can help! And you can save time and money by focusing your team on business issues while we handle the cloud work faster and cheaper than in-house resources.

Based on your answers, you’re on the right track, and we can help you start your AWS journey. You may feel like you have a lot of work to do, but we can help with migration planning and deployment. With EPLEXITY you can get up and running on AWS faster, easier, and more affordably then you may have realized.

Accelerated migration to the AWS cloud

Many Customers need to ensure that their cloud environments are compliant with regulations (such as HIPAA, GDPR, ISO, or PCI) before they could start migrating applications and infrastructure. CXOS Managed AWS ensures compliance with the proper regulations as part of automated CXOS AWS landing zone deployment and on-going compliance management.

Additionally, The CXOS Design Library of production grade AWS Architectures are 100% automated leading to a reduction of time and cost by 80% associated with migrations. This saves our customers between $600-$1,200 per server migrated in Professional Services one-time fees.

Resource cost avoidance

Eliminating the need to hire new cloud resources yields on average $625,000 annually in cost savings. Running the project in-house is the alternative to CXOS-led cloud migration and management. For our customers, this would have required hiring the equivalent of a 4 - 10 FTEs (4 for 8X5 service and support\migration coverage vs minimum of 10 for 24/7) who possess cloud expertise and then keeping them on staff to run cloud operations postmigration. Leveraging CXOS to prepare for the migration and to take over operations saves our customers hundreds of hours of expensive resource time.

Optimized Resource Efficiency Gains

CXOS Managed AWS brings operational excellence, experience, expertise, and best practices, aligned with AWS Well-architected Standards that allowed our customers to achieve higher resource efficiency gains, focusing resources on higher business impacting activities than what it would have achieved on its own.

Improved organizational security

The average cost of an SMB data breach is now $117,000 per incident, according to a study of data breach costs at small to medium sized businesses performed by Kaspersky Labs. Working with CXOS Managed AWS Services often-times provides a major overall security benefit to our customers and reduces the chance of a major security breach, which can cause damage in the form of brand reputation, stock price, and cost of remediation efforts.

Gartner expects that through 2022, at least 95% of cloud security failures will be due to the customer’s improper configurations. CXOS Managed AWS adheres to rigorous security engineering standards, aligned to AWS Well Architected Security Pillar and performs monitoring and remediating of security incidents 24/7/365.

Cloud infrastructure management tooling

Creating or buying your own infrastructure management tools such as patch, update, support ticketing, security, or backup solutions leads to increased infrastructure costs. CXOS provided all necessary management tools. Our customers on average save an additional $73,000 annually on cloud infrastructure management tooling. Working with CXOS Managed AWS Services enables customers to avoid fees they would have paid if they led cloud operations on their own.

Reduced downtime

ITIC’s latest 2019 Server Reliability Survey, which polled over 1,000 businesses worldwide from November 2018 through January 2019, found that a single hour of downtime now costs 98% of firms at least $100,000. With CXOS Managed AWS Services running cloud operations, customers see higher uptime for their AWS Workloads due to improved patching compliance, a reduction in the number of major security incidents, and faster incident response. Higher uptime can also result in incremental revenue that the customers would not have recognized if they ran cloud operations on their own.